LDSF Fees and Costs — First Trust Low Duration Strategic Focus ETF
Data updated: 2026-07-22
The net expense ratio is 0.87%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $26K in broker commissions, 0.0207% of average net assets, and portfolio turnover was 34%.
LDSF Fees and Expenses
Annual operating expenses and sales charges of LDSF. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
LDSF Costs Over Time
On $10,000 invested in LDSF, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.94% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $94 | $307 | $558 |
| Value after costs | $10,406 | $11,270 | $12,204 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
LDSF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0207%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $100.3M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
LDSF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $11K | 39.78% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $7K | 27.47% |
| OLD MISSION MARKETS LLC | $3K | 12.90% |
| GOLDMAN SACHS & CO. LLC | $2K | 9.46% |
| CITADEL SECURITIES LLC | $2K | 6.72% |
| BOFA SECURITIES, INC. | $638 | 2.41% |
| J.P. MORGAN SECURITIES LLC | $330 | 1.25% |
LDSF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $34.0M | 33.85% |
| Jane Street Execution Services, LLC | $33.0M | 32.93% |
| GOLDMAN SACHS & CO. LLC | $23.0M | 22.90% |
| VIRTU AMERICAS LLC | $10.3M | 10.32% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.